Funding Details
- Date Award
- March 31, 2022
- Vertical
- Consumer Electronics
- Funding URL
- View Funding Page
- Premoney Valuation
-
$5,000,000
- Valuation
-
$10,000,000
Company Info
- Founding Year
- 2018
- Traction
- The company has successfully launched its product and has gained significant interest from consumers. They are currently expanding their distribution channels and exploring partnerships with outdoor retailers and emergency response organizations.
- Organizations Involved
- SOSV, Techstars
- Founders
- Dave Shor, David Giger
- Company Description
- Lynq is a consumer electronics company specializing in location-based wearables. Their flagship product, also named Lynq, is a smart compass that enables users to locate their friends and family without the need for phones, networks, or infrastructure. The device uses a combination of GPS and long-range, low-power radio frequency technology to provide real-time location information, making it ideal for outdoor activities, travel, and emergencies. Lynq's business model focuses on direct-to-consumer sales and partnerships with outdoor retailers and emergency response organizations.
- Market
- Location-based Wearables
- Location
-
New York,
NY,
US
- Coinvestors
- SOSV, Techstars
Links